Market overview 12.11
Turkish President Recep Tayyip Erdogan dismissed the head of the Central Bank, Murat Uisal.
The former Minister of Finance Nachi Agbal was appointed to the place of the head of the Central Bank. Prior to his appointment to the Central Bank, he served as head of the strategic and budgetary department of the presidential administration.
The decision to resign was made against the backdrop of a fall in the national currency. At the beginning of the week, the lira rate renewed its record low, falling to 8.44 per $ 1. The Turkish currency has been falling during the week, during the year the lira lost about 30% against the dollar.
Gold rises moderately against the backdrop of the prospects for economic development, suffering from the second wave of coronavirus and the US elections
- the price increased to $ 1,871.70 per troy ounce, by 0.39%
Euro / dollar increased to 1.1814 from 1.1777;
The currency pair has left the uptrend.
Prices are again pushing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels.
Global oil demand is unlikely to see significant growth in the first half of the year, despite the production of a vaccine against COVID-19, it is likely that it will even weaken it.
- the price of futures for Brent increased by 0.11% - to $ 43.88 per barrel, for WTI crude oil - also by 0.19% to $ 41.53 per barrel.
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